WSJ – The former head of Deutsche Bank AG ’s residential mortgage-backed securities trading group has struck a deal with Grosvenor Capital Management LP for $50 million in startup cash in exchange for a cut of fees earned from his new hedge fund.
Troy Dixon, who managed a group of 70 at Deutsche Bank until resigning in 2013, got off the ground with his new structured-credit-focused Hollis Park Partners LP last month, people familiar with the firm said.
